Gambling.com Group Limited (NASDAQ:GAMB) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Gambling.com Group Limited (NASDAQ:GAMB) has been given an average rating of “Moderate Buy” by the ten ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $10.4375.

A number of research analysts have recently commented on GAMB shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $12.00 price objective (down previously from $15.00) on shares of Gambling.com Group in a research report on Friday, November 14th. Truist Financial cut their price target on Gambling.com Group from $9.00 to $7.00 and set a “hold” rating for the company in a report on Friday, November 14th. Jefferies Financial Group reduced their price objective on Gambling.com Group from $13.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Macquarie Infrastructure lowered their price objective on Gambling.com Group from $14.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th. Finally, Freedom Capital upgraded Gambling.com Group to a “strong-buy” rating in a research note on Tuesday, December 30th.

Gambling.com Group Price Performance

Shares of NASDAQ:GAMB opened at $4.64 on Wednesday. The stock has a market capitalization of $165.69 million, a P/E ratio of 92.82 and a beta of 0.86. The business has a 50-day moving average of $5.14 and a two-hundred day moving average of $6.91. Gambling.com Group has a fifty-two week low of $4.25 and a fifty-two week high of $17.14. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.46 and a quick ratio of 0.46.

Gambling.com Group (NASDAQ:GAMB) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. Gambling.com Group had a net margin of 1.23% and a return on equity of 37.78%. The company had revenue of $38.98 million for the quarter, compared to analyst estimates of $41.06 million. On average, equities research analysts predict that Gambling.com Group will post 0.88 EPS for the current fiscal year.

Institutional Investors Weigh In On Gambling.com Group

Several large investors have recently made changes to their positions in GAMB. SBI Securities Co. Ltd. raised its holdings in shares of Gambling.com Group by 21,963.6% in the second quarter. SBI Securities Co. Ltd. now owns 2,427 shares of the company’s stock valued at $29,000 after buying an additional 2,416 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Gambling.com Group by 653.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,254 shares of the company’s stock valued at $62,000 after acquiring an additional 4,557 shares in the last quarter. Corsair Capital Management L.P. bought a new position in shares of Gambling.com Group in the second quarter worth about $119,000. SG Americas Securities LLC acquired a new position in shares of Gambling.com Group during the fourth quarter worth approximately $65,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of Gambling.com Group during the third quarter valued at approximately $109,000. Institutional investors own 72.26% of the company’s stock.

Gambling.com Group Company Profile

Gambling.com Group is a digital performance marketing company specializing in the online gambling industry. Through a diversified portfolio of affiliate websites, the company generates leads and traffic for operators in segments such as sports betting, online casino, poker, bingo and daily fantasy sports. Its platforms offer in-depth reviews, expert guides, comparison tools and editorial content designed to help players make informed choices and drive conversions for partner brands.

The group’s service offerings include search engine optimization, pay-per-click campaigns, display advertising, email marketing and social media management.